The BOC projected total proceeds from the negotiated sale of the abandoned, seized, and forfeited items to reach P12,346,000. It added that the government generated a total of P114,744,884.15 from the auction and negotiated sale of all 13 seized vehicles of the Discaya couple.
“It demonstrates our continued efforts to ensure that government resources are properly utilized in a manner that serves the best interests of the Filipino people,” Customs Commissioner Ariel Nepomuceno said.
He added that the completion of the disposal of the vehicles reflects the agency’s commitment to transparency, accountability, and decisive action in the management of forfeited items.
The results of the negotiated sale remain subject to the approval of the secretary of the Department of Finance in compliance with the Customs Memorandum Order.